Exceptional lakefront opportunity on the BUTLER CHAIN of Lakes! Nestled on the pristine shores of Wauseon Bay, this rare lakefront property offers an unparalleled opportunity to create the ultimate luxury retreat on the coveted Butler Chain. Set on a pristine, oversized lot (~1.25 acres) in one of the area's most sought-after locations, this FENCED property offers a rare opportunity to create your dream home from the ground up. This home boasts breathtaking WATER views, a grand, tree-lined driveway with private GATE, and a setting that exudes elegance and privacy. While the residence itself would need to be updated, the setting is nothing short of spectacular offering a picturesque backdrop, mature landscaping, and a premier location that enhances both value and vision. Featuring a spacious layout with soaring ceilings and panoramic lake views, this home is ready to be transformed into a masterpiece. The prime waterfront location offers direct access to the Butler Chain known for renowned boating, fishing, and water sports, making it an ideal sanctuary for lake lovers. Whether you envision a modern showpiece or a timeless estate, this property presents the perfect canvas to bring your vision to life. The home features 6 bedrooms, 5.5 baths (4 en-suite baths), a 3-car garage, 14 X 60 SALTWATER and heated pool/spa with screen-enclosure, two fireplaces, a dock for your watercraft along with a floating swim dock, and a sitting area by the water that's perfect for a cozy night by the fire. Upstairs you'll find the primary suite along with 3 other bedrooms and 3 en-suite baths. The PRIMARY suite faces the water and features a fireplace, dual sinks, a garden tub, separate shower, and two walk-in closets. The downstairs area includes two additional rooms, 1.5 baths, a formal dining area, living area, a sitting area with a wood burning fireplace overlooking the pool and lake, as well as a bar, which is perfect for entertaining your guests. The kitchen is spacious in size and includes STAINLESS appliances. The Butler Chain of Lakes is one of Central Florida's most prestigious and sought-after freshwater lake systems, located in Windermere and Southwest Orlando. This chain consists of 13 interconnected lakes, known for their crystal-clear waters, sandy bottoms, and exceptional boating, fishing, and waterfront living. Enjoy a rare combination of luxury, recreation, and natural beauty, all while being just minutes from Disney, golf courses, upscale shopping, fine dining, and top-rated schools. Windermere is a GOLF CART friendly community where you'll find a brewery, coffee shop, dining, a Farmer's Market, tennis courts, parks, a boat ramp, and more. Opportunities like this are rare, don't miss the chance to transform this hidden gem into a one-of-a-kind lakefront estate!